How Long Does It Take to Settle a Truck Accident Claim with One Beacon Insurance?

The short answer to this question is 6 to 12 months, but this is solely an estimate that fails to take many factors into account. The truth is, there are straightforward claims with One Beacon Insurance that are resolved within a matter of months. On the flip side, claims involving severe health complications and death usually take between 1 and 2 years to settle.

At the end of the day, each case involves unique circumstances that impact how long it takes to reach a settlement. We will cover many of these elements throughout this article, but please keep in mind that this is general information only. It’s essential to discuss the details of your accident with a personal injury lawyer, who can provide you with a more accurate timeline.

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What can Cause Delays in My Case?

Any accident involving a semi, dump truck, or another massive commercial vehicle is likely to cause significant injuries and property damage. That in itself is a reason why these cases take so long to settle. Other reasons that can delay the settlement process include:

• Severe injuries – the level of injury you have sustained has a direct impact on how long it will take to settle your case. The more extensive your injuries and future complications, the longer it may take to negotiate a fair settlement award.
• Disputes over liability – proving liability can be a long and arduous process, particularly in situations where responsibility for an accident falls on multiple parties.
• Settlement negotiations – your case value, complex legal issues pertaining to commercial insurance policies, and other factors can slow down negotiations between you and One Beacon Insurance.
• Need for litigation – filing a lawsuit is not necessary if you and One Beacon come to an agreement on the amount you are owed. If not, litigation may be needed to obtain your damages from a personal injury or wrongful death lawsuit.
• The accident investigation – an accident investigation is needed to verify the facts of the case, review the available evidence, and make a clear determination on how the accident occurred. For accidents involving commercial trucks, an investigation can take up to several months on average.
• FMCSA regulations – regulatory compliance is a huge factor in a truck accident claim. A major component of the investigation is checking for any violations of regulations that are established by the Federal Motor Carrier Safety Administration.

How can I Speed Up the Process of Settling My Claim?

Unless there is clear, indisputable evidence that fault for the accident is clearly on the truck driver, it’s unlikely that a One Beacon accident claim will settle in less than 6 to 12 months. With that being said, there are factors that can accelerate a truck accident settlement.

Cooperation and Compromise

Being open-minded, providing responses in a timely manner, and willingness to compromise are fundamental to reaching a settlement as fast as possible.

Completing Your Medical Assessment

Focusing on the recovery process and doing all that’s required by your doctors in a timely manner is essential to figuring out your short and long-term medical expenses. The longer it takes you to reach maximum medical improvement (MMI), the longer your accident claim will take to resolve.

Efficiency by the Insurance Company

Cases are settled more quickly when insurance providers who are proactive and responsive during the claims process. Unfortunately, there may be complications that take weeks, maybe months to work through, even if the insurance company is doing their best to achieve a fair and just resolution.

Retaining an Attorney

Working with an experienced truck accident lawyer can streamline the legal process and help you reach the finish line much faster than you would if you were attempting to negotiate on your own with One Beacon Insurance Company.

Early Offer to Settle the Case

Even while the accident investigation is ongoing, it’s quite common for insurance companies to reach out and offer to settle the case. Clearly, accepting an offer early will settle the matter once and for all. But early settlement agreements are usually in favor of the insurance company, not the victim. Before you jump on the offer, make sure to have it reviewed by a lawyer that specializes in truck accident insurance claims.

The Quality of Evidence

Cases that are detailed, well-documented and supported by evidence like police reports, medical records, and witness testimony can help to facilitate a settlement with the insurance company.

Can Hiring an Attorney Help Me Get Paid Faster?

Yes, having an attorney to represent your interests can be very effective in settling your case as fast as possible. There are various issues that your lawyer has no control over, but they can help you avoid many of the delays and errors that prolong a settlement.

A truck accident lawyers can also take care of any communications between you and the insurance company. This way, you won’t be tricked into saying something that can hurt your case, and you will have more time to focus on your loved ones and healing from your injuries.

Contact Normandie Law Firm

Are you in need of legal advice on a commercial truck accident claim? Do you need guidance on an insurance claim with One Beacon Insurance? If so, don’t hesitate to contact our law firm.

As one of our clients, you have the assurance of knowing that we take all cases on contingency. From the very first consultation, you are offered the Zero Fee Guarantee, so it will cost you $0 to hire a truck accident attorney. The point at which your settlement is released to you is the only time we get paid. And if we fail to obtain your payment from an insurance claim or lawsuit, you are not responsible for a single penny in legal fees.

Our legal team is standing by to hear your story and help you move forward in a positive direction. Please get in touch with us to schedule a free case review.

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